Rempart Asset Management Inc. Has $20.34 Million Holdings in Canadian National Railway (NYSE:CNI)

Rempart Asset Management Inc. reduced its stake in Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,805 shares of the transportation company’s stock after selling 1,460 shares during the period. Canadian National Railway accounts for 4.8% of Rempart Asset Management Inc.’s holdings, making the stock its 6th biggest holding. Rempart Asset Management Inc.’s holdings in Canadian National Railway were worth $20,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNI. Guyasuta Investment Advisors Inc. lifted its stake in shares of Canadian National Railway by 3.0% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 2,925 shares of the transportation company’s stock valued at $359,000 after buying an additional 85 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Canadian National Railway by 2.6% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 3,441 shares of the transportation company’s stock valued at $423,000 after purchasing an additional 87 shares in the last quarter. ICW Investment Advisors LLC lifted its position in shares of Canadian National Railway by 0.7% during the first quarter. ICW Investment Advisors LLC now owns 13,508 shares of the transportation company’s stock valued at $1,812,000 after purchasing an additional 97 shares in the last quarter. Dempze Nancy E lifted its position in shares of Canadian National Railway by 0.3% during the first quarter. Dempze Nancy E now owns 33,270 shares of the transportation company’s stock valued at $4,464,000 after purchasing an additional 99 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Canadian National Railway by 4.2% during the fourth quarter. Evergreen Capital Management LLC now owns 2,513 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 102 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

CNI has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Canadian National Railway from $140.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, May 19th. Credit Suisse Group initiated coverage on shares of Canadian National Railway in a research report on Monday. They set a “neutral” rating and a $122.00 price target on the stock. BMO Capital Markets raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a research report on Wednesday, May 18th. National Bank Financial decreased their price objective on shares of Canadian National Railway from C$172.00 to C$168.00 in a report on Friday, April 8th. Finally, StockNews.com assumed coverage on shares of Canadian National Railway in a report on Thursday, March 31st. They set a “hold” rating for the company. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus price target of $147.41.

NYSE:CNI traded down $0.73 during mid-day trading on Friday, hitting $111.74. 4,348 shares of the stock traded hands, compared to its average volume of 1,427,867. The business’s 50-day moving average price is $113.85 and its 200 day moving average price is $121.18. The company has a market cap of $77.07 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.98 and a beta of 0.86. Canadian National Railway has a 12-month low of $100.66 and a 12-month high of $137.19. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 0.54.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last issued its quarterly earnings data on Tuesday, April 26th. The transportation company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.04). The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Canadian National Railway had a net margin of 33.00% and a return on equity of 19.71%. Canadian National Railway’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. Analysts anticipate that Canadian National Railway will post 5.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 9th were paid a dividend of $0.586 per share. The ex-dividend date was Wednesday, June 8th. This represents a $2.34 annualized dividend and a yield of 2.10%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s payout ratio is currently 42.65%.

About Canadian National Railway (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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